FDI Relaxation In Sectors Such As Insurance And Defence Expected: Sandeep Nayak
Nutan Gupta / 07 Jul 2014
Read on to know what is expected from the maiden budget of the newly formed NDA government. Sandeep Nayak, ED & CEO, Centrum Broking shares his views on the big ticket reforms which are expected from the first budget.
1) Which are the big ticket reforms that you expect from the first budget of the newly formed NDA government?
a) Clearly articulated road map to launch GST and DTC
b) FDI relaxation in sectors such as insurance and defence
The big expectation from this budget is big announcements in keeping with the new government’s stance on reducing subsidies in fertilizer, food and oil sectors and keeping the fiscal deficit number around 4.5% of GDP.
2) Would you like to put any numbers for the Sensex for CY14?
The target for the Sensex for CY14 could be between 15x to 17x of CY15 EPS of Rs 1836 (Bloomberg consensus) which translates to a range for the Sensex of 27540-31212 by the end of 2014.
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